12,955 Shares in Paysafe Limited (NASDAQ:PSFE) Bought by Strategic Wealth Advisors Group LLC

Strategic Wealth Advisors Group LLC acquired a new position in shares of Paysafe Limited (NASDAQ:PSFE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,955 shares of the company’s stock, valued at approximately $157,000.

Several other large investors also recently modified their holdings of PSFE. Stieven Capital Advisors L.P. acquired a new position in shares of Paysafe during the 1st quarter worth about $13,745,000. Senator Investment Group LP acquired a new position in shares of Paysafe in the 1st quarter valued at approximately $31,725,000. Naya Capital Management UK Ltd. acquired a new position in shares of Paysafe in the 1st quarter valued at approximately $71,180,000. Scotia Capital Inc. acquired a new position in shares of Paysafe in the 1st quarter valued at approximately $657,000. Finally, K.J. Harrison & Partners Inc acquired a new position in Paysafe during the 2nd quarter worth approximately $269,000.

Paysafe stock opened at $8.23 on Wednesday. The business has a 50 day moving average price of $9.79. Paysafe Limited has a 12-month low of $8.06 and a 12-month high of $19.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.77.

PSFE has been the subject of several recent research reports. Compass Point decreased their price target on shares of Paysafe from $19.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 17th. Evercore ISI started coverage on shares of Paysafe in a research note on Wednesday, May 26th. They set an “outperform” rating and a $16.00 target price on the stock. Cowen initiated coverage on shares of Paysafe in a report on Monday, June 28th. They issued an “outperform” rating and a $15.00 target price for the company. Zacks Investment Research downgraded shares of Paysafe from a “hold” rating to a “sell” rating in a report on Wednesday, September 1st. Finally, Bank of America started coverage on shares of Paysafe in a report on Thursday, August 12th. They set a “buy” rating and a $15.00 price objective for the company. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, Paysafe currently has a consensus rating of “Buy” and a consensus price target of $15.67.

Paysafe Company Profile

Paysafe Limited provides digital commerce solutions to online businesses, SMB merchants, and consumers through its Paysafe Network worldwide. It offers digital wallet solutions under the Skrill and NETELLER brands, which enable users to upload, store, withdraw, and pay funds and APMs from a virtual account; Knect, a Skrill-related loyalty program; Net+Prepaid Mastercard, a companion product enabling NETELLER digital wallet active users to access and use stored funds anywhere that Mastercard card products are accepted; rapid transfer solutions; and issuing services for prepaid, virtual, and private label cards on behalf of its merchant customers.

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Institutional Ownership by Quarter for Paysafe (NASDAQ:PSFE)

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